Loftness Specialized Farm Equipment Inc.
$1,090,768 PPP Loan in Hector, Minnesota
Loan Details
- Loan Number
- 5466947010
- Date Approved
- Apr 5, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,090,768
- Current Approval
- $1,090,768
- Forgiveness Amount
- $1,100,958
- Forgiveness Date
- Mar 25, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Loftness Specialized Farm Equipment Inc.
- Address
- 650 S Main Street
- City
- Hector
- State
- Minnesota
- ZIP Code
- 55342
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (333111)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 80
- Estimated Revenue
- $20.9M
- Rural/Urban
- Rural
- Congressional District
- MN-07
Loan Use Breakdown
- Payroll
- $1,090,768
Lender Information
- Servicing Lender
- Heritage Bank, National Association
- Originating Lender
- Heritage Bank, National Association
Other PPP Loans in Hector, MN
| Business | Approved | |
|---|---|---|
| Schweiss Distributing Inc. | $629,078 |  Research |
| Schweiss Distributing INC | $571,500 | Research |
| Mpjt, LLC | $427,780 | Research |
| Jeff Stamer Farms Partnership | $172,789 | Research |
| Jeff Stamer Farms Partnership | $158,403 | Research |
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